4//SEC Filing
IPARTY CORP 4
Accession 0001179110-13-008239
CIK 0001078383operating
Filed
May 12, 8:00 PM ET
Accepted
May 13, 9:49 AM ET
Size
26.1 KB
Accession
0001179110-13-008239
Insider Transaction Report
Form 4
IPARTY CORPIPT
VASSALLUZZO JOSEPH
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.09/sh−25,000$2,250→ 0 totalExercise: $0.36→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.03/sh−25,000$750→ 0 totalExercise: $0.42→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.34/sh−25,000$8,500→ 0 totalExercise: $0.11→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.15/sh−25,000$3,750→ 0 totalExercise: $0.30→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.17/sh−25,000$4,250→ 0 totalExercise: $0.28→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09−70,000→ 0 totalExercise: $0.93→ Common Stock (70,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09−70,000→ 0 totalExercise: $0.52→ Common Stock (70,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.16/sh−25,000$4,000→ 0 totalExercise: $0.29→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-05-09$0.25/sh−40,000$10,000→ 0 totalExercise: $0.20→ Common Stock (40,000 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2013-05-09−75,000→ 0 totalExercise: $0.84→ Common Stock (75,000 underlying) - Disposition to Issuer
Common Stock
2013-05-09$0.45/sh−351,915$158,362→ 0 total
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger among iParty Corp. (the "Issuer"), Party City Holdings Inc., and Confetti Merger Sub, Inc., a wholly-owned subsidiary of Party City Holdings Inc., dated March 1, 2013 (the "Merger Agreement"), each share of the Issuer's common stock was exchanged for $0.45 in cash, without interest and less any applicable withholding taxes (the "Merger").
- [F2]The stock options under this award were fully vested prior to the closing of the Merger.
- [F3]30,000 of the stock options under this award were vested prior to the closing of the Merger. 10,000 of the stock options under this award accelerated and became fully vested as of the closing of the Merger.
- [F4]In connection with the Merger, the vested and/or exercisable portion of each Issuer stock option held by the Reporting Person was cancelled and, in exchange therefor, converted into the right to receive an amount in cash equal to the product of the number of shares issuable upon the exercise of such option and $0.45 minus the exercise price of such option. The Reporting Person's options, if any, with an exercise price equal to or above $0.45 were canceled in connection with the Merger.
Documents
Issuer
IPARTY CORP
CIK 0001078383
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001078383
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 9:49 AM ET
- Size
- 26.1 KB